Ameresco Delivers Energy Savings Projects to Four Colleges in Scotland

LONDON & FRAMINGHAM, Mass.--(EON: Enhanced Online News)--Ameresco, Inc., (NYSE:AMRC), a leading energy
efficiency and renewable
energy company, and provider of energy infrastructure solutions,
today announced that its UK operation was awarded and delivered a £3
million energy performance contract (EPC) across four colleges in
Scotland. The Colleges include Edinburgh College, Borders College,
Newbattle Abbey College, and West Lothian College.

“Our goal was to identify and implement a project that would
deliver the most benefit and value to each College based on their unique
requirements. The challenging logistics of each site required a true
partnership with the Colleges and we are honoured to have worked with
all those involved.”

This is the first large, multi-site EPC project awarded and delivered
through Scottish Government’s Non-Domestic Energy Efficiency Framework
(NDEEF), and the first higher education EPC in Scotland delivered by
Ameresco’s UK operation. Ameresco identified savings opportunities
through an Investment Grade Proposal (IGP), installed energy
conservation measures (ECMs), and guaranteed the identified savings. The
combined predicted annual energy savings total nearly £300,000, based on
the energy efficiency measures installed. In addition, each College is
predicted to benefit from a reduction in its carbon emissions: Edinburgh
College by 13 percent, Borders College by 16 percent, Newbattle Abbey
College by 53 percent, and West Lothian College by 14 percent.

David J. Anderson, Executive Vice President, Ameresco, said: “Ameresco
is honoured to work with the Scottish NDEEF and the Colleges to provide
comprehensive energy saving solutions. We are committed to expanding our
UK operations, and to delivering sustainable energy efficient solutions
for existing and new clients.”

The project was funded by Scottish Government’s 2017 Capital Stimulus
Programme. The installation contracts were signed in May 2017, and due
to the timing restrictions on the funding, the entire programme from IGP
to installation had to be completed within six months. Installation of
the improvements had to be completed during the college summer holidays
to avoid disruption.

In addition to the accelerated timeline, the historic nature of the area
and buildings added to the challenges faced by Ameresco’s implementation
team. Special care was taken where archeologically significant materials
were found at a former medieval battlefield and grave yard at Newbattle
Abbey College, and careful coordination was required with Historic
Scotland and Midlothian Council to ensure all work was carried to meet
the preservation requirements of the building and grounds.

“Newbattle Abbey College was delighted to participate in the project.
Our 16th century building, and heritage estate has benefited enormously
from the project investment which will enable a significant reduction in
carbon emissions and accrue energy savings which can be reinvested in
our estate.” – George Currie, Estates and Facilities Manager, Newbattle
Abbey College

“These projects are helping us reduce our carbon emissions and meet our
duties as outlined in the Climate Change (Scotland) Act 2009. In
addition, significant financial savings are being realised, which will
help us invest in future projects.” – Annette Burton, Principal,
Edinburgh College

“The College was pleased to participate in this programme as the
projects undertaken will contribute to the College delivering on its
commitment to reduce the carbon footprint and the targets set out in the
Carbon Management Plan 2016-2020.” – Jennifer McLaren, Vice Principal,
West Lothian College

Ameresco’s streamlined processes and efficiency of operation enabled
this challenging programme to be mobilized, delivered and installed
within the original timescale. A combination of the Colleges’ existing
contractors, select local contractors and national providers were
utilized to install the projects. Subcontractors were managed by
Ameresco, ensuring minimal disruption to College staff during project
installation. Ameresco worked with a third-party M&V consultant to
develop the appropriate protocols to meet the Colleges expectations for
measurement and verification of savings following project installation.

“The success of this project would not have been possible without the
collaboration between the College site teams, their senior management
and Ameresco,” stated Britta MacIntosh, Ameresco’s Vice President of UK
Operations. “Our goal was to identify and implement a project that would
deliver the most benefit and value to each College based on their unique
requirements. The challenging logistics of each site required a true
partnership with the Colleges and we are honoured to have worked with
all those involved.”

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent
provider of comprehensive services, energy efficiency, infrastructure
upgrades, asset sustainability and renewable energy solutions for
businesses and organizations throughout North America and Europe.
Ameresco’s sustainability services include upgrades to a facility’s
energy infrastructure and the development, construction and operation of
renewable energy plants. Ameresco has successfully completed energy
saving, environmentally responsible projects with Federal, state and
local governments, healthcare and educational institutions, housing
authorities, and commercial and industrial customers. With its corporate
headquarters in Framingham, MA, Ameresco has more than 1,000 employees
providing local expertise in the United States, Canada, and the United
Kingdom. For more information, www.ameresco.com.

The announcement of a customer’s entry into a project contract is not
necessarily indicative of the timing or amount of revenue from such
contract, of the company’s overall revenue for any particular period or
of trends in the company’s overall total construction backlog. This
project was included in our previously reported fully-contracted backlog
as of September 30, 2017.

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